OSLO, NORWAY: Vizrt
announced today that it entered into a terms sheet with Swiss company LiberoVision
AG, a provider of virtual sports enhancements. According to the proposed terms sheet,
Vizrt will purchase all of the issued and outstanding share capital of LiberoVision
in three installments: 60 percent upon signing the definitive agreement, 20 percent
upon approval of LiberoVision’s 2011 financial statements, and 20 percent upon approval
of its 2012 financial statements.

Consideration for the first 60 percent of the issued share capital of LiberoVision will be CHF 6 million (US$6.12 million) and may be increased by an additional 1
CHF million (US$1.02 million) should LiberoVision's 2010 EBIT
exceed CHF 1 million.

Consideration for each additional 20 percent portion of the issued share
capital of LiberoVision shall be calculated as 20 percent of 10x the EBIT for the
applicable fiscal year. All installments shall consist of 80 percent cash and 20
percent Vizrt shares, trading on the Oslo Exchange at 5:25 p.m. local time at 24.50 Norwegian Kroner (CHF 4.08). The deal includes a commitment for the founders of LiberoVision to stay with
the company for at least two years.

The transaction is subject to a financial and legal due diligence to Vizrt’s satisfaction
and the parties reaching a definitive agreement.

“LiberoVision brings to Vizrt best of class additional capabilities to enhance sports
broadcasts. Their products allow for live on-air review and analysis of events on
the field, also from points of view not captured by cameras, a large and growing
market,” said Vizrt chief Martin Burkhalter. “In creating a seemingly 3D environment
for normal 2D broadcasts, this type of analysis provides yet another compelling
way to tell a story, a key driver behind all our BG products. Efficiency, another
key component, is provided in that LiberoVision’s technology does not require any
additional in-stadium infrastructure.”

Dr. Stephan Würmlin Stadler, CEO for LiberoVision said “Many of our clients who
are already using Vizrt systems have indicated they would like to see the two systems
more closely integrated. Combining our companies therefore seemed to most logical
way forward.”

LiberoVision said it currently offers two product lines:

“Libero Highlight provides realistic 3D replays that are indistinguishable from
images produced by on-site television cameras. It enables the broadcaster to move
the viewer‘s perspective to areas not covered by the in-stadium cameras, such as
over-the-shoulder of the quarterback. Libero Offside was developed for instant offside
analysis during soccer games. It is a dedicated application aimed at resolving offsides
disputes during soccer games.”

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